Post
Topic
Board Altcoin Discussion
Re: Looking for undervalued cryptocurrencies
by
Victorycoin
on 27/10/2018, 13:45:15 UTC
The bear market has been going on for a long time. I noticed that many projects have almost no money. They don't have the money to go to a better exchange, and even the most basic marketing work is impossible because there is no capital.

Now I like to look for projects where the value is undervalued and lack of funds. Can you recommend some with a short description?
Shouldn't you be looking instead for projects that have lots of money and are trading at a fraction of the value of the money they raised? If a project has run out of money after doing an ICO it is unlikely to be able to survive. Projects that still have a healthy bank balance and are trading at a fraction of the value of the money in their bank are the ones that will rise in value.
That's hitting the nail right on the head! In the first place, one should be wary of any project that failed to hold its own, when it had a 100% chance of doing so. It's not the same thing to describe them as undervalued, because they are not even valuable yet and any more funds thrown in their direction, most likely would be good money after bad money. Profits only come about, when there is demand and supply and if there no people willing to buy from you, you're back to zero.

Better to stay on beaten tracks and especially as almost all the established coins can technically be said to be undervalued at the moment.